Insurance for Corporate, Subsidiary, and Regional Managing Offices
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What Insurance Do Corporate, Subsidiary, and Regional Managing Offices Need?
A Fidelity Bond is an insurance product that protects your small business from any financial losses resulting from fraudulent or dishonest acts by employees. Where it's embezzlement, indentity theft or forgery, a Fidelity Bond will protect you from losses.
Directors and Officers Insurance (D&O) protects you against claims made against you and others heads of your company. D&O will protect your and your spouse's personal assets if personally sued for acts in managing your company.
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Frequently Asked Questions
Why do Corporate, Subsidiary and Regional Managing Offices need insurance?
In this industry, employees manage, oversee, and administer the regional and international parts of their company. Examples include centralized administrative offices, head offices, corporate offices, holding companies that manage the district and regional offices, and subsidiary management offices.
Despite your business's best intentions and your rigorous quality assurance, something is going to happen to your business sooner or later. A liability lawsuit or even just paying for medical bills could cause a serious dent in your business finances, especially when you don't have insurance. Your insurance will help pay for the costs of medical fees and legal expenses when your business is held responsible.
What risks do Corporate, Subsidiary and Regional Managing Offices face?
There are many risks that corporate subsidiary and regional managing offices can face. Here are some of the common risks your business can face:
- Your business could catch fire, destroying your property in the process. The time it takes for your business to recover from a property loss could take a while.
- A customer inside your property slips and breaks a bone. While the medical expenses seem enough, the customer could file slip and fall claim.
How much does insurance cost for Corporate, Subsidiary and Regional Managing Offices?
The cost of your insurance varies on the type of business you offer, the number of employees you have and many other factors. Without taking into account these factors, here's an average cost for your insurance policies:
- General Liability insurance costs around $500 in annual premiums.
- Business Policy insurance costs around $800 in annual premiums.
- Commercial Property insurance costs around $400 in annual premiums.